BMO Investments Inc. Announces Changes to Existing Funds

Effective on or about October 30, 2015, BMOII is lowering management fees on certain of its funds as follows:

Series F securities of BMO Global Strategic Bond Fund from 0.65% to 0.45%

Series A and Advisor Series securities of BMO LifeStage Plus 2022 Fund from 2.00% to 1.65%

Series A and Advisor Series securities of BMO LifeStage Plus 2026 Fund from 2.25% to 2.15%

Series L securities of BMO Tactical Balanced ETF Fund from 0.30% to 0.25%

Portfolio Management and Name Changes

BMOII also announced that, effective immediately, BMO Asset Management Corp. no longer acts as sub-advisor of BMO Canadian Tactical ETF Class and BMO Global Tactical ETF Class. BMO Asset Management Inc. will remain as portfolio manager for these funds. These funds' strategies will change to focus on lower volatility securities. Also, on or about November 16, 2015, the funds' names will change to BMO Canadian Low Volatility ETF Class and BMO Global Low Volatility ETF Class, respectively, to align more closely with the revised strategies.

Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the fund facts or prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

®"BMO (M-bar roundel symbol)" is a registered trade-mark of Bank of Montreal, used under licence.

About BMO Financial Group

Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of approximately $672 billion as of July 31, 2015, and more than 47,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.